Bank Islam Malaysia expects to attract 100,000 depositors and deposits of MYR 50 million ($15.8 million) in year one of its Al-Awfar Junior Savings Account-i.
Khairul Kamarudin, General Manager for Consumer Banking, said, “With the launch of this new product, the bank expects a minimum growth of 15 per cent in its assets from MYR 9.2 billion last year. With the introduction of the Al-Awfar Junior Savings Account-i, Bank Islam has taken a big step towards enhancing its position as the leader in the Islamic banking industry and ensuring that Shari’ah-based financial products and services are available at every level.”………………………………………Full Article: Source